Subthread: Dolly 2nd Clone Project - Page 3

hymns · #21 (**permalink**) 12-15-2006, 07:03 AM

Quote:

Originally Posted by alamanjani

HI everyone, nice system you have here, cool.

Would someone please check signals for new GMACD2 - looks like they are wrong. Compare them with 'Digistoch'. Also eyebaling chart, I would say that 30 min and 60 min trends are clearly up, digistoch agree, but GMACD2 paint them as red. I may be doing something wrong, though, so if someone else would like to check...
The GMACD2 show is current timeframe, switch to same time frame it match with the color

I have few newbies questions. I did read second half of the (first) thread, but I still have some questions.

1 - how do you enter trade? When first candle close (or croses) in the colored buy (sell) area? Probably close, right?

2 - what would be stoploss? When first candle closes out of the colored buy (sell) area?
- or when candle is crossing colored area?

3 - do you generally sell whole position at first target or half or....?!?

4 - do you most of the time use those ploted targets as selling points or something else?

5 - what is signal for you, that trade goes against you and that you have to close position?

6 - what is average pip gain per trade, 10, 20....?!?

7 - what is average time per trade, few hours?

8 - which market (time) you prefer for trading?

9 - once you enter the trade - do you keep watching 15min chart or do you start using lower time frames for timing?

10 - ...

Read all the thread

Is anyone willing to comment with pictures next few trades? That would be perfect

See, the problem is, that newbies (at least me) are capable to complicate every simple system. lol When you are trying to do a trade, you have tens and tens of questions and doubts. So if someone experienced is willing to write next few trades here, where he(she) entered, where exited and why - that would help a lot to many who wish to use this nice system.

Thank you in advance, Mario

have a nice day!

zapco · #22 (**permalink**) 12-15-2006, 07:11 AM

Alamanjani go back to the dolly system you may find some point there .

frantacech · #23 (**permalink**) 12-15-2006, 07:43 AM

Quote:

Originally Posted by hymns

I think my New Dolly #10 have wrong/difference code calculation with Open Graphics. Just labelling only

Good work! hope you dont confuse anymore.

Uff, what is bad? Your post last edit yesterday 12.15pm.

frantacech · #24 (**permalink**) 12-15-2006, 08:10 AM

Dolly links:

CJA - original Dolly v10 page 82, post 813 thread Dolly system
http://www.forex-tsd.com/68884-post813.html

HYMNS - page 1, post 3 dolly_graphics_#10.rar (27.0 KB, 92 views)
http://www.forex-tsd.com/71669-post3.html

Little modify hymns version workspace - as to order description with SL first and TP the second.
It seems to be confusing to me while entering an order - in the window it is coming in reverse order.
FRANTACECH - page 1, post 9 Dolly v10_reverse_SL_TP.zip (41.6 KB, 411 views)
http://www.forex-tsd.com/71766-post9.html

GUPPPY - GMMA technique
http://www.forex-tsd.com/attachments...1&d=1153903627
http://tradermike.net/2004/05/anothe...oving_averages
http://www.market-analyst.com/kb/art...Moving_Average
http://www.guppytraders.com/gup329.htm

--------------------------------------------------------------------------------
Pivot V Open
Another day and the results were very even for both setups although your 1st trade with the standard Dolly would have been a BULLISH CORRECTION trade while the OPEN Dolly's 1st trade was a standard BUY AREA to 1st SELL TARGET trade followed by a BEARISH CORRECTION trade as price bounced off the Daily Pivot, i think the Daily Average areas are more accurate turning points on the OPEN version as well, Also worth noting was that price reversed after the GBP NEWS at the 4/8 MM level just above the Daily OPEN on the M15 chart and also look at the times that price moved using the Dolly Trading Times indicator.

I have posted the Dolly OPEN indicator for those of you who might want to assess it and compare to the standard Dolly performance, i have named it the Open Graphics to try and avoid confusion for those who might join in this thread at a later date. If enough people use this indicator and it stands the test of trading in its own right then we should probably start a new thread with it.

--------------------------------------------------------------------------------

Dolly system

Dolly & MM by CJA
EURO/USD has dropped very quickly from 7/8 to 1/8 level on M1 and bottomed out on the 1/8 on M5, M15, M30 & H1 timeframes currently as per screen shot of M15 the M1 has just hit the 7/8 and reversed and could bounce off the 4/8 M1 & 2/8 M5 & M15 at 1.3275 meaning an expectation of price moving up to the 4/8 area on the M15 timeframe @ 1.3305 as usually if price drops through 5 levels quickly as the EURO did i would expect at least a 3 level reversal. The key is to watch the 4/8 M1 and 2/8 M5 & M15 and higher timeframes as each timeframe closes above 2/8 it confirms the upward rather than the downward move. The Higher timeframes on G#MACD still have downward signals although M15 has just changed up so a Margin of upward pressure is starting to show. Of course consider any impending News that may influence the short term move and factor that in.

Hope this is of help

Well price got stuck on the 3/8 M15 and tested it several times this shows downward pressure to stay below the lower trading range then price headed down and retested the 1/8 M15 and the -2/8 on the M1 I would like to see M1 reverse off the mid point of -1/8 -2/8 to be convinced of a good move up, a reversal on M1 from this level usually runs back to +1/8 +2/8 which is currently the 1.3295 area M5 has bounced off the 1/8 as has M15
& H1 the H4 Timeframe is sitting just above 5/8 the top of the trading range so for price to break down through here would show a change in trend G#MACD still showing downward pressure so lets see where the H1 candle closes above or below the 1/8, has just closed above the 1/8 so a reversal may be on again. M1 & M5 G#MACD have just both turned so a small run up is on the cards @ 1.3264 entry even if price ultimately runs further down you will still make something or you may get in early on a good move, set the stops tight and lock the breakeven as soon as you can, this is how i treat the entries at the Dolly levels, already price is at 1.3271 and climbing so i can lock in 5 pips and let it run its course.

Price ran up for a solid 50 pips to 4/8 M15 and reversed off the top of the trading range at 5/8.

Note how price has reversed off around the mid/point between +2/8 & +1/8 on the last M5 chart - this usually shows a reversal to at least the 4/8 if not all the way back to the -1/8 & -2/8 area M1 0/8 is @ 1.3275 so expect a bounce at this point, also the G#MACD M5 has confirmed the move down however it is leveling off now with no separation or angle so price could halt at the 4/8.

I realise this is not trading to the Dolly BUY/SELL areas but hope this will give some idea as to what you need to look for as price approaches the Dolly areas.

http://www.forex-tsd.com/attachments...f?d=1165404233
http://www.forex-tsd.com/attachments...f?d=1165434052
http://www.forex-tsd.com/attachments...f?d=1165434071

--------------------------------------------------------------------------------

GUPPY MULTIPLE MOVING AVERAGE ™

This indicator was developed by Daryl Guppy. It is fully explained in TREND TRADING. Captures the inferred behaviour of traders and investors by using two groups of averages. Uses fractal repetition to identify points of agreement and disagreement which precede significant trend changes.

APPLICATION

Applied to understand the nature and character of the trend. Used to assess the degree and extent of trading activity. Excessive trading activity can destabilise strong trends. Trend analysis enables more effective selection of appropriate trading strategies such as breakout, trend continuation etc. Can be applied to long side and short side trading. Can be applied to intraday trading. Also used for longer term investment style analysis.

http://www.guppytraders.com/gup329_files/image002.jpg

TACTICS
Join established trends at points of price weakness
Join established trends breaking to new highs
Trade breakouts using rally dips and rebounds
Trade downtrend rallies as rallies rather than trend breaks
Recognise trend breaks as they develop

RULES
Degree and nature of separation in the long term group define trend strength and weakness
Degree and nature of separation in the short term group define the nature of trading activity.
Degree and nature of separation between the two groups of moving averages define the character of the trend.
Compression shows agreement on price and value.
Compression of both groups at the same time indicate major re-evaluation of stock and potential for a trend change
Trade in the direction of the long term group of averages
The relationships between the groups provide the necessary information about the nature and character of the trend.
Do not use as a moving average crossover tool

ADVANTAGES
Enables effective analysis of the trend environment
Improves selection of the appropriate trading tactics
Better understanding of trend strength
Effective evaluation of unusual price movements, such as dips and spikes
Effective understanding of trading activity and behaviour

DISADVANTAGES
Not effectively applied to trend less stocks
Cannot be applied to all trending stocks
Do not use as a moving average crossover signal

--------------------------------------------------------------------------------

A litle tips using dolly - hymns
Little tips using Dolly Breakout Strategy

http://www.forex-tsd.com/71669-post3.html

--------------------------------------------------------------------------------
I think, Dolly and strategy Elder TripleScreen - it is solution.
Dr. Alexander Elder - Triple Screen Trading System
http://www.4shared.com/file/3405018/...ving_pdf_.html

WSS Tutorial
http://rapidshare.com/files/7615615/...v.1-4.pdf.html

--------------------------------------------------------------------------------
GMACD Analysis Logic

hymns post #83

Could somebody give me an idea for logic to relabelling GMACD Signal with Analysis Trend base on your trading experience.

Overall (Daily) : current logic base on MACD H4 & D1
Current: H1 & H4 & D1

http://www.forex-tsd.com/73232-post83.html

LAST UPDATED @ DEC 20, 11:15 GMT 1+

alamanjani · #25 (**permalink**) 12-15-2006, 08:11 AM

Quote:

Originally Posted by alamanjani

1 - how do you enter trade? When first candle close (or croses) in the colored buy (sell) area? Probably close, right?

2 - what would be stoploss? When first candle closes out of the colored buy (sell) area?
- or when candle is crossing colored area?

3 - do you generally sell whole position at first target or half or....?!?

4 - do you most of the time use those ploted targets as selling points or something else?

5 - what is signal for you, that trade goes against you and that you have to close position?

6 - what is average pip gain per trade, 10, 20....?!?

7 - what is average time per trade, few hours?

8 - which market (time) you prefer for trading?

9 - once you enter the trade - do you keep watching 15min chart or do you start using lower time frames for timing?

Thank you in advance, Mario

Ancol, my sugestion is, that first msg would also contain say, 20 or so most frequently asked questions from new visitors of this thread. Because, these questions will keep pop up every so often.

I'm not lazy. I did something similar. Look at msg#4 in this thread: "Phoenix - FAQ, Stable, User support -Read Post #1"

(btw, if you are interested in EA's, watch this one, project is well organized and looks like there will be some nice results... )

Since I know more about Phoenix than someone new to that thread I decided to gather information from past msgs and post them where are easy accesible for new to that thread. So, to help out new to Phoenix system, I actually went back and I've reread all msgs again, so I could post in FAQ reference, where, in which msg is answer to some particular question.

So, I'm not lazzy if I asked for some help/info here, after I have read few 100 msgs already. probably i was reading them in to big of a hurry, since ther are so many thousands waiting on me to be read...

Most of us have job, family, duties and if you are new to whole TSD community, then there are waiting to be read over 7,000 msg for CatFX, over thousand for Phoenix, over thousand for Dolly... MM... and there are more. You need few months for all this... (actually way more or you will be facing the divorce lol lol)

And btw, I'm going to read them all, but in the meantime I wish to start using some systems. Man, I'm also addicted, I can't wait few months lol

So why we wouldn't try to help each other out? And that way, thread will have less repeated questions over and over again. Everyones win.

So, Ancol, if you agree, then above is sample of questions one new to this system will have even if he is going to read last few hundred msgs.

Mario

hymns · #26 (**permalink**) 12-15-2006, 08:20 AM

Quote:

Originally Posted by frantacech

Uff, what is bad? Your post last edit yesterday 12.15pm.

nope. it fine. just compare with ur post, i see ur pic, it just SL/TP labelling difference

deicide · #27 (**permalink**) 12-15-2006, 09:25 AM

DISADVANTAGES
Not effectively applied to trend less stocks
Cannot be applied to all trending stocks
Do not use as a moving average crossover signal

but we can add moving average crossover signa to the chart right?

or if we add it , will the result will be diiferent? or other else?

hymns · #28 (**permalink**) 12-15-2006, 09:50 AM

Quote:

Originally Posted by frantacech

Dolly links:

CJA - original Dolly v10 page 82, post 813 thread Dolly system
http://www.forex-tsd.com/68884-post813.html

HYMNS - page 1, post 3 dolly_graphics_#10.rar (27.0 KB, 92 views)
http://www.forex-tsd.com/71669-post3.html

Little modify hymns version workspace - as to order description with SL first and TP the second.
It seems to be confusing to me while entering an order - in the window it is coming in reverse order.
FRANTACECH - page 1, post 9 Dolly v10_reverse_SL_TP.zip (41.6 KB, 411 views)
http://www.forex-tsd.com/71766-post9.html

GUPPPY - GMMA technique
http://www.forex-tsd.com/attachments...1&d=1153903627
http://tradermike.net/2004/05/anothe...oving_averages
http://www.market-analyst.com/kb/art...Moving_Average
http://www.guppytraders.com/gup329.htm

--------------------------------------------------------------------------------
Pivot V Open
Another day and the results were very even for both setups although your 1st trade with the standard Dolly would have been a BULLISH CORRECTION trade while the OPEN Dolly's 1st trade was a standard BUY AREA to 1st SELL TARGET trade followed by a BEARISH CORRECTION trade as price bounced off the Daily Pivot, i think the Daily Average areas are more accurate turning points on the OPEN version as well, Also worth noting was that price reversed after the GBP NEWS at the 4/8 MM level just above the Daily OPEN on the M15 chart and also look at the times that price moved using the Dolly Trading Times indicator.

I have posted the Dolly OPEN indicator for those of you who might want to assess it and compare to the standard Dolly performance, i have named it the Open Graphics to try and avoid confusion for those who might join in this thread at a later date. If enough people use this indicator and it stands the test of trading in its own right then we should probably start a new thread with it.

--------------------------------------------------------------------------------

Dolly system

Dolly & MM by CJA
EURO/USD has dropped very quickly from 7/8 to 1/8 level on M1 and bottomed out on the 1/8 on M5, M15, M30 & H1 timeframes currently as per screen shot of M15 the M1 has just hit the 7/8 and reversed and could bounce off the 4/8 M1 & 2/8 M5 & M15 at 1.3275 meaning an expectation of price moving up to the 4/8 area on the M15 timeframe @ 1.3305 as usually if price drops through 5 levels quickly as the EURO did i would expect at least a 3 level reversal. The key is to watch the 4/8 M1 and 2/8 M5 & M15 and higher timeframes as each timeframe closes above 2/8 it confirms the upward rather than the downward move. The Higher timeframes on G#MACD still have downward signals although M15 has just changed up so a Margin of upward pressure is starting to show. Of course consider any impending News that may influence the short term move and factor that in.

Hope this is of help

Well price got stuck on the 3/8 M15 and tested it several times this shows downward pressure to stay below the lower trading range then price headed down and retested the 1/8 M15 and the -2/8 on the M1 I would like to see M1 reverse off the mid point of -1/8 -2/8 to be convinced of a good move up, a reversal on M1 from this level usually runs back to +1/8 +2/8 which is currently the 1.3295 area M5 has bounced off the 1/8 as has M15
& H1 the H4 Timeframe is sitting just above 5/8 the top of the trading range so for price to break down through here would show a change in trend G#MACD still showing downward pressure so lets see where the H1 candle closes above or below the 1/8, has just closed above the 1/8 so a reversal may be on again. M1 & M5 G#MACD have just both turned so a small run up is on the cards @ 1.3264 entry even if price ultimately runs further down you will still make something or you may get in early on a good move, set the stops tight and lock the breakeven as soon as you can, this is how i treat the entries at the Dolly levels, already price is at 1.3271 and climbing so i can lock in 5 pips and let it run its course.

Price ran up for a solid 50 pips to 4/8 M15 and reversed off the top of the trading range at 5/8.

Note how price has reversed off around the mid/point between +2/8 & +1/8 on the last M5 chart - this usually shows a reversal to at least the 4/8 if not all the way back to the -1/8 & -2/8 area M1 0/8 is @ 1.3275 so expect a bounce at this point, also the G#MACD M5 has confirmed the move down however it is leveling off now with no separation or angle so price could halt at the 4/8.

I realise this is not trading to the Dolly BUY/SELL areas but hope this will give some idea as to what you need to look for as price approaches the Dolly areas.

http://www.forex-tsd.com/attachments...f?d=1165404233
http://www.forex-tsd.com/attachments...f?d=1165434052
http://www.forex-tsd.com/attachments...f?d=1165434071

--------------------------------------------------------------------------------

GUPPY MULTIPLE MOVING AVERAGE ™

This indicator was developed by Daryl Guppy. It is fully explained in TREND TRADING. Captures the inferred behaviour of traders and investors by using two groups of averages. Uses fractal repetition to identify points of agreement and disagreement which precede significant trend changes.

APPLICATION

Applied to understand the nature and character of the trend. Used to assess the degree and extent of trading activity. Excessive trading activity can destabilise strong trends. Trend analysis enables more effective selection of appropriate trading strategies such as breakout, trend continuation etc. Can be applied to long side and short side trading. Can be applied to intraday trading. Also used for longer term investment style analysis.

http://www.guppytraders.com/gup329_files/image002.jpg

TACTICS
Join established trends at points of price weakness
Join established trends breaking to new highs
Trade breakouts using rally dips and rebounds
Trade downtrend rallies as rallies rather than trend breaks
Recognise trend breaks as they develop

RULES
Degree and nature of separation in the long term group define trend strength and weakness
Degree and nature of separation in the short term group define the nature of trading activity.
Degree and nature of separation between the two groups of moving averages define the character of the trend.
Compression shows agreement on price and value.
Compression of both groups at the same time indicate major re-evaluation of stock and potential for a trend change
Trade in the direction of the long term group of averages
The relationships between the groups provide the necessary information about the nature and character of the trend.
Do not use as a moving average crossover tool

ADVANTAGES
Enables effective analysis of the trend environment
Improves selection of the appropriate trading tactics
Better understanding of trend strength
Effective evaluation of unusual price movements, such as dips and spikes
Effective understanding of trading activity and behaviour

DISADVANTAGES
Not effectively applied to trend less stocks
Cannot be applied to all trending stocks
Do not use as a moving average crossover signal

--------------------------------------------------------------------------------

A litle tips using dolly - hymns
Little tips using Dolly Breakout Strategy

Normaly i use for EUR/USD, USD/CHF, GBP/USD & USD/JPY

To set pending order (normally i'm waiting graph start new day (6AM - malaysian time)

SELL
1) GMACD - main trend H4 & D1 (for Major Trend) - RED color (DOWN Trend)
2) Set 'SELL LIMIT' at price (BUY STOP-1) + 5 pip
3) Set 'TP' at 40-60pip or using Price at SELL STOP-1 or SELL TP
4) Set 'S/L' at BUY STOP-2 TP price + Spread.

BUY
1) GMACD - main trend H4 & D1 (for Major Trend) - GREEN color (UP Trend)
2) Set 'BUY LIMIT' at price (SELL STOP-1) - 5 pip
3) Set 'TP' at 40-60pip or using Price at BUY STOP-1 or BUY TP
4) Set 'S/L' at SELL STOP-2 TP price - Spread.

I dont know it work for you or not. But it work for me :-)

Good Luck!

--------------------------------------------------------------------------------
I think, Dolly and strategy Elder TripleScreen - it is solution.
Dr. Alexander Elder - Triple Screen Trading System
http://www.4shared.com/file/3405018/...ving_pdf_.html

Is It ok this above?

2) Set 'BUY LIMIT' at price (SELL STOP-1) + 5 pip
or
2) Set 'BUY LIMIT' at price (SELL STOP-1) - 5 pip
and + or - spread? Working for Open Graphics?

????????????

Correction. Typo

frantacech
please update ur post!

frantacech · #29 (**permalink**) 12-15-2006, 10:04 AM

A litle tips using dolly - hymns
Little tips using Dolly Breakout Strategy
http://www.forex-tsd.com/71669-post3.html

ANCOLL · #30 (**permalink**) 12-15-2006, 03:57 PM

Quote:

Originally Posted by alamanjani

Ancol, my sugestion is, that first msg would also contain say, 20 or so most frequently asked questions from new visitors of this thread. Because, these questions will keep pop up every so often.

I'm not lazy. I did something similar. Look at msg#4 in this thread: "Phoenix - FAQ, Stable, User support -Read Post #1"

(btw, if you are interested in EA's, watch this one, project is well organized and looks like there will be some nice results... )

Since I know more about Phoenix than someone new to that thread I decided to gather information from past msgs and post them where are easy accesible for new to that thread. So, to help out new to Phoenix system, I actually went back and I've reread all msgs again, so I could post in FAQ reference, where, in which msg is answer to some particular question.

So, I'm not lazzy if I asked for some help/info here, after I have read few 100 msgs already. probably i was reading them in to big of a hurry, since ther are so many thousands waiting on me to be read...

Most of us have job, family, duties and if you are new to whole TSD community, then there are waiting to be read over 7,000 msg for CatFX, over thousand for Phoenix, over thousand for Dolly... MM... and there are more. You need few months for all this... (actually way more or you will be facing the divorce lol lol)

And btw, I'm going to read them all, but in the meantime I wish to start using some systems. Man, I'm also addicted, I can't wait few months lol

So why we wouldn't try to help each other out? And that way, thread will have less repeated questions over and over again. Everyones win.

So, Ancol, if you agree, then above is sample of questions one new to this system will have even if he is going to read last few hundred msgs.

Mario

@Mario,
Mario, you have some misunderstanding, check your PM

This is the result for today with Dolly Open Pivot (2nd clone)
It hit 3 times, giving your 3 times profit for today

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